6,785 Shares in GoDaddy Inc. (NYSE:GDDY) Bought by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC bought a new position in shares of GoDaddy Inc. (NYSE:GDDY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,785 shares of the technology company’s stock, valued at approximately $1,339,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wedge Capital Management L L P NC boosted its stake in shares of GoDaddy by 2,279.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 401,249 shares of the technology company’s stock worth $62,908,000 after purchasing an additional 384,386 shares during the last quarter. Mizuho Securities USA LLC lifted its position in GoDaddy by 3,227.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 361,710 shares of the technology company’s stock worth $56,709,000 after acquiring an additional 350,839 shares in the last quarter. FMR LLC increased its stake in GoDaddy by 19.8% during the 3rd quarter. FMR LLC now owns 1,660,283 shares of the technology company’s stock worth $260,299,000 after buying an additional 274,014 shares during the period. Intech Investment Management LLC boosted its holdings in GoDaddy by 498.7% in the third quarter. Intech Investment Management LLC now owns 253,367 shares of the technology company’s stock valued at $39,723,000 after purchasing an additional 211,051 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of GoDaddy by 17.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,368,693 shares of the technology company’s stock valued at $214,584,000 after purchasing an additional 203,909 shares in the last quarter. 90.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GDDY has been the topic of several analyst reports. StockNews.com lowered GoDaddy from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Raymond James raised their target price on shares of GoDaddy from $185.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Tuesday, January 21st. Benchmark upped their price target on GoDaddy from $186.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Piper Sandler lifted their price objective on GoDaddy from $172.00 to $176.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, B. Riley raised their price objective on GoDaddy from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.07.

Insider Activity

In other GoDaddy news, CFO Mark Mccaffrey sold 480 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $201.29, for a total value of $96,619.20. Following the completion of the sale, the chief financial officer now owns 83,254 shares in the company, valued at approximately $16,758,197.66. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Sharples sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $179.00, for a total value of $89,500.00. Following the completion of the transaction, the director now directly owns 24,121 shares of the company’s stock, valued at $4,317,659. This represents a 2.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,483 shares of company stock worth $4,256,183. 0.61% of the stock is owned by corporate insiders.

GoDaddy Stock Down 0.6 %

GDDY stock opened at $212.32 on Friday. The stock’s 50 day moving average is $202.89 and its 200-day moving average is $175.47. The firm has a market capitalization of $29.81 billion, a PE ratio of 16.41 and a beta of 1.15. GoDaddy Inc. has a twelve month low of $106.42 and a twelve month high of $216.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 10.61.

GoDaddy (NYSE:GDDY) last released its earnings results on Wednesday, October 30th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. GoDaddy had a return on equity of 267.29% and a net margin of 41.74%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that GoDaddy Inc. will post 4.96 EPS for the current fiscal year.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.